Sample Deed Of Sale Of Motor Vehicle In The Philippines In Allegheny

State:
Multi-State
County:
Allegheny
Control #:
US-00443BG
Format:
Word; 
Rich Text
Instant download

Description

Artwork in tangible form is personal property. Transfer of title can therefore be made by a Bill of Sale. A Bill of Sale also constitutes a record of the transaction for both the artist and the person buying the artwork. It can provide the seller with a record of what has been sold, to whom, when, and for what price. The following form anticipates that the seller is the artist and therefore reserves copyright and reproduction rights.

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Bill of Sale

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FAQ

The short answer is that a notarized Deed of Sale by itself is generally insufficient to establish definitive ownership. While it is indicative of the parties' intent and a binding contract between them, it must be recorded at the Registry of Deeds to enjoy full legal efficacy against third parties.

A handwritten agreement that fulfills all essential requisites of a contract of sale can be binding between the parties. However, when it comes to real property, the sale must be in a public instrument (i.e., notarized) to be enforceable against third parties.

An unnotarized deed of sale is not automatically void. In fact, under Philippine law, a contract of sale is valid as long as the essential elements of a contract are present: consent, object, and cause or consideration.

The most definitive proof of land ownership in the Philippines is a Torrens title. The title is issued by the Registry of Deeds, and it is the most reliable document that shows who the legal owner of the land is.

Like any other legal document like an Affidavit of Loss, the Deed of Sale almost always generally require the following information: Names and identity of the parties. Addresses of both parties. Details of the vehicle. General details in the certificate of registration.

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Sample Deed Of Sale Of Motor Vehicle In The Philippines In Allegheny